Aussie Court OKs $1M Cartel Fine For DRS

Law360, New York (February 8, 2010, 6:24 PM EST) -- American-based defense supplier DRS C3 Systems Inc. has agreed to pay a $1 million penalty to resolve the Australian Competition and Consumer Commission's allegations that the company engaged in cartel behavior in the international military defense training systems industry.

Judge Richard Francis Edmonds of the Federal Court of Australia on Friday finalized the parties' consent order, which tacks an additional $100,000 on top of the $1 million to cover the ACCC's litigation costs.

Under the order, DRS is also restrained from entering into any restrictive air...